Gibson Energy (TSE:GEI) Stock Crosses Above 200 Day Moving Average – Here’s Why

Gibson Energy Inc. (TSE:GEI)’s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$25.29 and traded as high as C$27.19. Gibson Energy shares last traded at C$27.05, with a volume of 991,491 shares changing hands.

Wall Street Analyst Weigh In

GEI has been the subject of several recent research reports. CIBC lifted their price objective on Gibson Energy from C$26.00 to C$30.00 in a report on Wednesday, December 3rd. Royal Bank Of Canada boosted their price objective on shares of Gibson Energy from C$26.00 to C$28.00 in a research note on Wednesday, December 3rd. BMO Capital Markets boosted their target price on shares of Gibson Energy from C$25.00 to C$27.00 in a research report on Wednesday, December 3rd. TD Securities lifted their price target on Gibson Energy from C$23.00 to C$26.00 and gave the stock a “hold” rating in a research report on Monday, January 12th. Finally, Scotiabank cut shares of Gibson Energy from an “outperform” rating to a “hold” rating and reduced their target price for the stock from C$27.00 to C$25.00 in a report on Monday, October 20th. Two equities research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of C$27.23.

Gibson Energy Stock Performance

The company has a debt-to-equity ratio of 278.33, a quick ratio of 0.87 and a current ratio of 0.70. The firm’s 50 day simple moving average is C$25.65 and its 200-day simple moving average is C$25.29. The company has a market cap of C$4.43 billion, a price-to-earnings ratio of 29.40, a PEG ratio of 1.85 and a beta of 0.22.

Gibson Energy (TSE:GEI) last announced its quarterly earnings data on Monday, November 3rd. The company reported C$0.28 earnings per share (EPS) for the quarter. The company had revenue of C$2.88 billion during the quarter. Gibson Energy had a net margin of 1.73% and a return on equity of 22.60%.

Insider Buying and Selling

In other Gibson Energy news, Director Craig Richardson acquired 1,000 shares of the stock in a transaction that occurred on Monday, December 15th. The stock was bought at an average cost of C$26.07 per share, for a total transaction of C$26,070.00. Following the completion of the transaction, the director owned 2,000 shares of the company’s stock, valued at approximately C$52,140. The trade was a 100.00% increase in their position. Corporate insiders own 0.85% of the company’s stock.

Gibson Energy Company Profile

Gibson Energy Inc is an oil infrastructure company that collects, stores, and processes crude oil and refined products. Reportable segments include marketing, which deals with buying, selling, and optimizing products such as crude oil, natural gas liquid, road asphalt, and oil-based mud product; and infrastructure, which makes up a system of oil terminals, rail loading facilities, pipelines, and an oil processing facility. Gibson Energy Inc services Canada and the United States, and the majority of revenue comes from the marketing segment.